RNS Number:9616I
Close Enhanced Commodities Fund Ld
23 February 2005


                                23 February 2005

Not for release, publication or distribution in whole or in part in or into the
                   United States, Canada, Australia or Japan

                CLOSE ENHANCED COMMODITIES FUND LIMITED (THE "COMPANY")
                                COMMODITY PRICES

The performance of the shares of the Company is designed to provide a geared
exposure to any increase in the value of a notional portfolio of commodities
consisting on 22 February 2005 (the "Start Date") of one-third by value crude
oil, one-third by value gold and one-third by value industrial metals (equally
weighted between aluminium, copper and zinc). The relevant prices of these
commodities on the Start Date were as follows:

Commodity   Price at Start Date    Source

Oil         US$51.15 per barrel    official closing price of the NYMEX crude oil
                                   future contract next to expire
Gold        US$432.85 per troy     London Gold Market Fixing afternoon fixing
            ounce                  price
Aluminium   US$1972 per metric     official London Metal Exchange cash
            tonne                  settlement price
Copper      US$3367 per metric     official London Metal Exchange cash
            tonne                  settlement price
Zinc        US$1383 per metric     official London Metal Exchange cash
            tonne                  settlement price

Further information on the investment objective of the Company and the proposed
returns to shareholders are set out in the prospectus dated 10 February 2005.

Enquiries:

Marc Gordon, Close Fund Management (Investments) Limited      Tel: 020 7426 4023

Darren Willis, Intelli Corporate Finance Limited              Tel: 020 7653 6300

This announcement does not constitute, or form part of, an offer or invitation
to sell or an offer or invitation to purchase or subscribe for any securities.

Neither this document nor any copy hereof may be distributed in any jurisdiction
where its distribution may be restricted by law and persons into whose
possession this document comes should inform themselves about, and observe, any
such restrictions.

Intelli Corporate Finance Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting for Close Enhanced
Commodities Fund Limited and for no-one else in connection with the placing and
offer for subscription and will not be responsible to anyone other than Close
Enhanced Commodities Fund Limited for providing the protections afforded to
customers of Intelli Corporate Finance Limited or for providing advice in
relation to the placing and offer for subscription.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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